Parker v. Nickerson
Massachusetts Supreme Judicial Court
Bill in equity brought by the plaintiffs, who had been appointed by a decree of this court receivers of the East Boston Ferry Company, against Edward G. Nickerson, Albert Bowker, and Mark Googins, three of the directors of the company, praying that they might render a true account, and be decreed to pay over to the plaintiffs all sums received by them in contravention of the equitable obligations imposed upon them by their trust as directors.
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Bill in equity brought by the plaintiffs, who had been appointed by a decree of this court receivers of the East Boston Ferry Company, against Edward G. Nickerson, Albert Bowker, and Mark Googins, three of the directors of the company, praying that they might render a true account, and be decreed to pay over to the plaintiffs all sums received by them in contravention of the equitable obligations imposed upon them by their trust as directors. The material facts are stated in the opinion of the court.
1Opinion of the CourtMorton, J.
The only questions, which have been argued in this case, are as to the liability of the defendants for the profits *196made by them upon the sale to the East Boston Ferry Company, of the steamboats John Adams and Jefferson. The evidence is voluminous, but the facts which it proves, so far as necessary to the decision of the case, are few and simple.
1st. The purchase of the John Adams was made in October, 1867, the vote of the directors of the East Boston Ferry Company authorizing it having been passed October 22, 1867. At this time the directors were five in number, being the three defendants,…
2Cases cited1 opinion
- Michoud v. GirodSupreme Court of the United States · 1846
3Cited by30 opinions
- Old Dominion Copper Mining & Smelting Co. v. BigelowMassachusetts Supreme Judicial Court · 1909
- Durfee v. Durfee & Canning, Inc.Massachusetts Supreme Judicial Court · 1948
- American Circular Loom Co. v. WilsonMassachusetts Supreme Judicial Court · 1908
- Hawkes v. LackeyMassachusetts Supreme Judicial Court · 1911
- Parker v. NickersonMassachusetts Supreme Judicial Court · 1884
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